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    Steel Industries and Its Role in Developing Countries (Autosaved)

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    Mazhar ali
    This document discusses the steel industry and its role in developing countries. It begins by defining steel as an alloy of iron and carbon. It then outlines the steel production process and some key steel industry terms. The document notes that the steel industry is important for other industries as their input and that it impacts development levels. It argues the steel industry generates jobs and tax revenues in developing countries. China is identified as the largest global producer and consumer of steel.

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    Steel Industries and Its Role in Developing Countries (Autosaved)

    Uploaded by

    Mazhar ali
    103 views16 pages
    This document discusses the steel industry and its role in developing countries. It begins by defining steel as an alloy of iron and carbon. It then outlines the steel production process and some key steel industry terms. The document notes that the steel industry is important for other industries as their input and that it impacts development levels. It argues the steel industry generates jobs and tax revenues in developing countries. China is identified as the largest global producer and consumer of steel.

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    Steel industries and its role in developing countries [Autosaved]

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    This document discusses the steel industry and its role in developing countries. It begins by defining steel as an alloy of iron and carbon. It then outlines the steel production process and some key steel industry terms. The document notes that the steel industry is important for other industries as their input and that it impacts development levels. It argues the steel industry generates jobs and tax revenues in developing countries. China is identified as the largest global producer and consumer of steel.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    103 views16 pages

    Steel Industries and Its Role in Developing Countries (Autosaved)

    Uploaded by

    Mazhar ali
    This document discusses the steel industry and its role in developing countries. It begins by defining steel as an alloy of iron and carbon. It then outlines the steel production process and some key steel industry terms. The document notes that the steel industry is important for other industries as their input and that it impacts development levels. It argues the steel industry generates jobs and tax revenues in developing countries. China is identified as the largest global producer and consumer of steel.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 16

    STEEL INDUSTRY AND

    ITS ROLE IN
    DEVELOPING
    COUNTRIES
    By : MAZHAR ALI
    TABLE OF  WHAT IS STEEL
     STEEL INDUSTRY
    CONTENT  WHAT HAPPENS IN STEEL INDUSTRY
     MAIN DEMAND CREATOR FOR STEEL INDUSTRY:
     ROLE OF STEEL INDUSTRY IN DEVELOPING COUNTRIES
     CONTRIBUTION OF STEEL INDUSTRY TO THE ECONOMY
     WORLD REAL GDP VS. WORLD STEEL INDUSTRY
     COUNTRY WISE STEEL PRODUCTION
     CONCLUSION
     REFERENCES:
    WHAT IS STEEL

    STEEL IS METAL ALLOY


    COMPOSED OF IRON PLUS PROPERTIES OF STEEL
    DIFFERENT TYPES OF
    VARYING AMOUNT CAN BE CHANGED EASILY
    STEEL ARE PRODUCED BY
    CARBON AS WELL AS BY CHANGING
    ADJUSTING CHEMICAL
    OTHER ELEMENTS SUCH COMPOSITION OR BY
    COMPOSITION
    AS CHROMIUM, NICKEL, HEAT TREATMENT
    TUNGSTEN , ETC.

    STEEL IS TOUGH CAN BE PIN TO SHIP IS


    CUT ,SHAPED OR MADE EVERYTHING MADE UP OF
    INTO WIRES STEEL
    STEEL
    INDUSTRY
    The business of processing iron ore into steel , or
    recycling scrap metal into steel

    It’s the backbone of other industries because its


    output is input of other industries

    Heavy industries (raw materials and finished


    goods are heavy and bulky)

    Impact : high transportation cost


    WHAT HAPPENS IN STEEL
    INDUSTRY
    Input Process Output
    Raw materials
    Iron ore, coal, limestone in
    approximately ratio 4:2:1
    MANUFACTURING PROCESS OF
    STEEL
    Smelting of iron
    Transport ore in blast Pig iron
    furnace

    Basic oxygen Steel


    Shaping
    making:
    Rolling , casting ,
    pig iron is purified by
    forging
    oxidizing impurities
    PRODUCTSTYPES END PRODUCTS USER
    INDUSTRIES
    Semi Ingot , billets and Mini steel plant
    finished slab
    Long Wire rods and bars Construction and
    products wires
    Flat Hot rolled , cold Industrial
    products rolled sheets machinery
    Railway Railway track Railway
    special Coated sheets Automobile ,aircraf
    t and shipbuilding
    MAIN DEMAND CREATOR FOR
    STEEL INDUSTRY:
     Construction industry
     Automobile industry
     Infrastructure industry
     Oil and gas industry
     Container industry
    Production and
    consumption of
    steel is often
    its production
    and consumption
    ROLE OF STEEL INDUSTRY
    regarded as
    index of
    reflect a
    country's level of IN DEVELOPING
    country’s industrialization
    development
    COUNTRIES
    steel industries
    generate Steel Industry
    employment, plays a pivotal
    export earnings, role in progress
    tax revenues and of an economy
    innovations.
    CONTRIBUTION OF STEEL
    INDUSTRY TO THE ECONOMY
     Manufacturing sector
     Construction sector
     Employment
     taxes
    WORLD REAL GDP VS. WORLD STEEL
    INDUSTRY

    World GDP and steel industry have


    direct correlation

    Average growth rate of


    industry for the last five
    years was recorded at
    ~3% .in CY20 is forecast to
    contract by -6% in due to
    covid-19 impact
    COUNTRY WISE STEEL PRODUCTION
    CONCLUSION
    Steel is an alloy widely used because of its
    attractive properties

    Steel industry produces steel from iron ore or


    scrap

    Steel industry plays an important role in


    development of country

    Steel industry has direct relation to the world GDP

    China is the largest producer and consumer of


    steel
    [1] InfoPlease, 2022. ”steel industry”. Available at:
    [https://www.infoplease.com/encyclopedia/social-
    science/economy/business/steel-industry] [Accessed 18
    September 2022].
    [2] Sbp.org.pk, 2022. ”Annual Report” 2017-2018. Available at:
    [https://www.sbp.org.pk/AnnualRepo/index-4.2.asp] [Accessed
    18 September 2022].
    [3] Pacra.com, 2022. “An Overview” Available at:
    REFERENCES:
    [https://www.pacra.com/sector_research/Steel%20Sector%20Post
    %20 Review%20Update_1601130113.pdf] [Accessed 18 September
    2022].
    [4] Worldsteel.org. 2022. Available at:
    [https://worldsteel.org/wp- content/uploads/The-role-of-steel-
    manufacturing-in-the-global- economy.pdf] [Accessed 18
    September 2022].

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